Energy Transfer Lp Stock Market Value

ET Stock  USD 15.73  0.19  1.22%   
Energy Transfer's market value is the price at which a share of Energy Transfer trades on a public exchange. It measures the collective expectations of Energy Transfer LP investors about its performance. Energy Transfer is selling for under 15.73 as of the 29th of March 2024; that is 1.22 percent up since the beginning of the trading day. The stock's last reported lowest price was 15.52.
With this module, you can estimate the performance of a buy and hold strategy of Energy Transfer LP and determine expected loss or profit from investing in Energy Transfer over a given investment horizon. Check out Energy Transfer Correlation, Energy Transfer Volatility and Energy Transfer Alpha and Beta module to complement your research on Energy Transfer.
Symbol

Energy Transfer LP Price To Book Ratio

Is Energy Transfer's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Energy Transfer. If investors know Energy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Energy Transfer listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.081
Dividend Share
1.245
Earnings Share
1.09
Revenue Per Share
24.856
Quarterly Revenue Growth
0.002
The market value of Energy Transfer LP is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Transfer's value that differs from its market value or its book value, called intrinsic value, which is Energy Transfer's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Energy Transfer's market value can be influenced by many factors that don't directly affect Energy Transfer's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Energy Transfer 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Energy Transfer's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Energy Transfer.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Energy Transfer on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Transfer LP or generate 0.0% return on investment in Energy Transfer over 30 days. Energy Transfer is related to or competes with NuStar Energy, Teekay, Dynagas LNG, Martin Midstream, MPLX LP, Viper Energy, and Global Partners. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas s... More

Energy Transfer Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Energy Transfer's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Energy Transfer LP upside and downside potential and time the market with a certain degree of confidence.

Energy Transfer Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Transfer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Transfer's standard deviation. In reality, there are many statistical measures that can use Energy Transfer historical prices to predict the future Energy Transfer's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Energy Transfer's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
14.8815.7316.58
Details
Intrinsic
Valuation
LowRealHigh
14.1617.5318.38
Details
Naive
Forecast
LowNextHigh
14.8215.6716.51
Details
19 Analysts
Consensus
LowTargetHigh
15.6417.1919.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Energy Transfer. Your research has to be compared to or analyzed against Energy Transfer's peers to derive any actionable benefits. When done correctly, Energy Transfer's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Energy Transfer LP.

Energy Transfer LP Backtested Returns

Energy Transfer appears to be very steady, given 3 months investment horizon. Energy Transfer LP secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the company had a 0.29% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Energy Transfer LP, which you can use to evaluate the volatility of the firm. Please utilize Energy Transfer's Mean Deviation of 0.6401, downside deviation of 0.7574, and Coefficient Of Variation of 343.3 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Energy Transfer holds a performance score of 22. The firm shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, Energy Transfer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Transfer is expected to be smaller as well. Please check Energy Transfer's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Energy Transfer's price patterns will revert.

Auto-correlation

    
  0.82  

Very good predictability

Energy Transfer LP has very good predictability. Overlapping area represents the amount of predictability between Energy Transfer time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Energy Transfer LP price movement. The serial correlation of 0.82 indicates that around 82.0% of current Energy Transfer price fluctuation can be explain by its past prices.
Correlation Coefficient0.82
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.03

Energy Transfer LP lagged returns against current returns

Autocorrelation, which is Energy Transfer stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Energy Transfer's stock expected returns. We can calculate the autocorrelation of Energy Transfer returns to help us make a trade decision. For example, suppose you find that Energy Transfer has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Energy Transfer regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Energy Transfer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Transfer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Transfer stock over time.
   Current vs Lagged Prices   
       Timeline  

Energy Transfer Lagged Returns

When evaluating Energy Transfer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Transfer stock have on its future price. Energy Transfer autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Energy Transfer autocorrelation shows the relationship between Energy Transfer stock current value and its past values and can show if there is a momentum factor associated with investing in Energy Transfer LP.
   Regressed Prices   
       Timeline  

Energy Transfer Investors Sentiment

The influence of Energy Transfer's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Energy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Energy Transfer's public news can be used to forecast risks associated with an investment in Energy. The trend in average sentiment can be used to explain how an investor holding Energy can time the market purely based on public headlines and social activities around Energy Transfer LP. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Energy Transfer's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Energy Transfer's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Energy Transfer's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Energy Transfer.

Energy Transfer Implied Volatility

    
  17.29  
Energy Transfer's implied volatility exposes the market's sentiment of Energy Transfer LP stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Energy Transfer's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Energy Transfer stock will not fluctuate a lot when Energy Transfer's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Energy Transfer in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Energy Transfer's short interest history, or implied volatility extrapolated from Energy Transfer options trading.

Pair Trading with Energy Transfer

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Energy Transfer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Energy Transfer will appreciate offsetting losses from the drop in the long position's value.

Moving together with Energy Stock

  0.91AM Antero Midstream Partners Financial Report 24th of April 2024 PairCorr
  0.84NS NuStar Energy LP Financial Report 2nd of May 2024 PairCorr

Moving against Energy Stock

  0.8FLNG FLEX LNG Financial Report 21st of May 2024 PairCorr
  0.6EURN Euronav NV Financial Report 9th of May 2024 PairCorr
  0.59LNG Cheniere Energy Financial Report 7th of May 2024 PairCorr
  0.58GEL Genesis Energy LPPairCorr
  0.56LPG Dorian LPG Financial Report 22nd of May 2024 PairCorr
The ability to find closely correlated positions to Energy Transfer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Transfer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Energy Transfer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Energy Transfer LP to buy it.
The correlation of Energy Transfer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Energy Transfer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Transfer LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Energy Transfer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Energy Transfer LP is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Energy Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Energy Transfer Lp Stock. Highlighted below are key reports to facilitate an investment decision about Energy Transfer Lp Stock:
Check out Energy Transfer Correlation, Energy Transfer Volatility and Energy Transfer Alpha and Beta module to complement your research on Energy Transfer.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Energy Stock analysis

When running Energy Transfer's price analysis, check to measure Energy Transfer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.
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Energy Transfer technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Energy Transfer technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Energy Transfer trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...